Taxation of the Digitalized Economy: Recent Developments and Updates by KPMG (December 2023)

• Azerbaijan has enacted regulations requiring nonresidents to register for and collect VAT on sales of digital services.
• Belgium imposes joint liability on digital platforms for VAT payments.
• Colombia has issued regulations on Significant Economic Presence (SEP) rules and clarified the tax treatment of crypto assets.
• The European Union is discussing the potential VAT implications of trading in-game items like “skins”.
• Greece ruled that cryptocurrency sales are subject to VAT at the standard rate.
• Mexico has published an updated list of nonresident digital services subject to VAT.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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